ADRON LIMITED
🌳Matureactive
04367026 · ltd · incorporated 2002-02-05
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£543.3k
book net assets
Opportunity
63/100
Worth a look
What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 63/100 (worth a look), bankability 47/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).
🏦
Refinance opportunity
11 live charges · 5 lenders · oldest 22.3y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 22.3 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
89 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
50
Adequate — check latest filings for context.
Acquirability
65
Some acquirability indicators.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £543,335
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£543k
↑ 3.1% YoY
Current Assets
£460k
↓ 5.1% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-28 |
|---|---|---|
| Total assets | £2.36M | £2.14M |
| Current assets | £459.6k | £484.4k |
| Cash | — | £22 |
| Debtors | — | £283.4k |
| Net assets | £543.3k | £527.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
- • 2 gazette
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
- 2026-01-29📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-01-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2026-01-27📄gazette-notice-compulsorygazette · GAZ1
- 2025-02-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-11-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-06-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-07🔒Charge registered #11Lender: Yorkshire Building Society
- 2023-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-03-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-03-03🔒Charge registered #10Lender: Handelsbanken PLC
- 2021-11-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-03📄change-person-director-company-with-change-dateofficers · CH01
- 2020-10-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-05-08📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-04-30📄gazette-notice-compulsorygazette · GAZ1
- 2018-11-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2012-06-01🔒Charge registered #9Lender: Svenska Handelsbanken Ab (Publ)
- 2011-07-22🔓Charge satisfied #6
- 2011-07-22🔓Charge satisfied #2
- 2011-07-08🔒Charge registered #8Lender: Svenska Handelsbanken Ab (Publ)
- 2011-07-08🔒Charge registered #7Lender: Svenska Handelsbanken Ab (Publ)
- 2009-02-26🔓Charge satisfied #5
- 2009-02-26🔓Charge satisfied #4
- 2009-02-26🔓Charge satisfied #3
- 2009-02-26🔓Charge satisfied #1
- 2008-02-14🔒Charge registered #6Lender: Aib Group (UK) PLC
- 2006-05-24🔒Charge registered #5Lender: Aib Group (UK) PLC
- 2005-04-25🔒Charge registered #4Lender: Aib Group (UK) PLC
- 2005-03-24🔒Charge registered #3Lender: Aib Group (UK) PLC
- 2004-03-17🔒Charge registered #2Lender: Aib Group (UK) PLC
- 2004-03-17🔒Charge registered #1Lender: Aib Group (UK) P.L.C.
- 2002-02-05🏢Company incorporatedAs ADRON LIMITED
- 2002-02-05➕BRADLEY, Adrian Francis appointedsecretary
- 2002-02-05➕BRADLEY, Adrian Francis appointeddirector
- 2002-02-05➕BRADLEY, Ronan Joseph appointeddirector
- 2002-02-05➕PARAMOUNT COMPANY SEARCHES LIMITED appointedcorporate-nominee-secretary
- 2002-02-05➖PARAMOUNT COMPANY SEARCHES LIMITED resignedcorporate-nominee-secretary
- 2002-02-05➕PARAMOUNT PROPERTIES (UK) LIMITED appointedcorporate-nominee-director
- 2002-02-05➖PARAMOUNT PROPERTIES (UK) LIMITED resignedcorporate-nominee-director
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
61/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med · 1 lowConfirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-07-04
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Adrian Francis Bradley Individual · Irish · DOB 12/1980 · age 46 | — | — | board controlboard control | 28/02/2024 |
Mr Ronan Bradley Individual · British · DOB 07/1978 · age 48 | — | — | sig. influencesignificant influence | 05/02/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Construction · CR postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A GORDON ELECTRICAL LTD→ 10069751 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| A&G PROPERTY CONSTRUCTION LIMITED→ 06792329 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| A1 BUILDERS CROYDON LIMITED→ 13062605 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| A2 UK SCAFFOLDING LTD→ 14118333 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ADDS SERVICES LTD→ 13504454 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ADGASUK LTD→ 11634229 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADK ELECTRICAL LIMITED→ 16851601 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADOACE SERVICES LTD→ 16829096 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADRENT LIMITED→ 14078130 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ADRIAN PROCESSESS LIMITED→ 11271552 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ADS CARPETS LTD→ 15780490 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADVAN DIGITAL LIMITED→ 06395017 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeltd
Incorporated2002-02-05
Jurisdictionengland-wales
Primary SIC41202 — Construction of domestic buildings
Registered office
112 Brighton Road Brighton Road
South Croydon
Surrey
CR2 6AD
England
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-07-04OVERDUE
Last: 2025-06-20
Officers (3 active · 2 resigned)
BRADLEY, Adrian Francis→
Activesecretary · appointed 2002-02-05
View their other companies + combined net worth →
BRADLEY, Adrian Francis→
Activedirector · ~46y · appointed 2002-02-05
View their other companies + combined net worth →
BRADLEY, Ronan Joseph→
Activedirector · ~48y · appointed 2002-02-05
View their other companies + combined net worth →
PARAMOUNT COMPANY SEARCHES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-02-05 · resigned 2002-02-05
PARAMOUNT PROPERTIES (UK) LIMITED→
Resignedcorporate-nominee-director · appointed 2002-02-05 · resigned 2002-02-05
Click a director name to see their full track record across all companies.
Mortgages & charges
11
Total charges
5
Outstanding
3
Active lenders
Status:Lender:11 of 11 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Yorkshire Building Society | A registered charge | 4 properties | 07/06/2024 | — | |
| outstanding | Handelsbanken Handelsbanken PLC | A registered charge | 1 property | 03/03/2022 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | Legal charge | 1 property | 01/06/2012 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | Mortgage debenture | 1 property | 08/07/2011 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | Legal charge | 2 properties | 08/07/2011 | — | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Legal mortgage | 2 properties | 14/02/2008 | 22/07/2011 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Legal mortgage | 2 properties | 24/05/2006 | 26/02/2009 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Legal mortgage | 2 properties | 25/04/2005 | 26/02/2009 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Legal mortgage | 2 properties | 24/03/2005 | 26/02/2009 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Mortgage debenture | 1 property | 17/03/2004 | 22/07/2011 | |
| satisfied | Aib Group (UK) P.L.C. | Legal mortgage | 1 property | 17/03/2004 | 26/02/2009 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (89 total)
gazette-filings-brought-up-to-date
gazette · DISS40
2026-01-29
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-28
gazette-notice-compulsory
gazette · GAZ1
2026-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-02-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-10
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-19
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-27